Euro Hits Two Year Low On Ecb Interest Rates Caution
The ECB chose to keep interest rates unchanged after its last meeting, but President Christine Lagarde noted that “downside risks to growth prospects have risen sharply as a result of the war in Ukraine.” Inflation will remain high in the coming months, mainly due to rising energy costs, he added. The euro fell as much as 1.2 percent against the dollar after Lagarde’s comments, to a two-year low of just under $ 1....